News Archives - Insurance Journal

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15 08, 2023

Political Operatives Ordered to Pay $50,000 in Restitution for Fraudulent Charity in Ohio Train Derailment Case

By | August 15th, 2023|Uncategorized|Comments Off on Political Operatives Ordered to Pay $50,000 in Restitution for Fraudulent Charity in Ohio Train Derailment Case

COLUMBUS, Ohio (AP) – Three men who have worked as Republican political operatives agreed to pay more than $50,000 in restitution and penalties in Ohio for their roles in operating a phony charity that collected cash purportedly to help victims …

15 08, 2023

Texas Governor Issues Widespread Disaster Declaration Due to Wildfires

By | August 15th, 2023|Uncategorized|Comments Off on Texas Governor Issues Widespread Disaster Declaration Due to Wildfires

Gov. Greg Abbott has issued a wildfire disaster declaration for about 75% of Texas counties, allowing them to use all available state resources to respond to any new fires as the state continues to bake under triple-digit temperatures. The declaration …

15 08, 2023

Higginbotham Acquires Houston’s Iscential

By | August 15th, 2023|Uncategorized|Comments Off on Higginbotham Acquires Houston’s Iscential

Higginbotham has acquired Houston, Texas-based Iscential, an independent insurance agency, risk management and financial services firm and . one of the largest writers of Nationwide property and casualty insurance in the country. This strategic move allows access to enhanced services …

15 08, 2023

Cal/OSHA Issues High Heat Advisory to Employers

By | August 15th, 2023|Uncategorized|Comments Off on Cal/OSHA Issues High Heat Advisory to Employers

Cal/OSHA is advising all employers to protect workers from heat illness as high temperatures are forecast throughout the state. The National Weather Service issued excessive heat warnings for some areas through 17. Some of the highest temperatures forecast include: Imperial …

15 08, 2023

Modeler: Insured Property Losses From Lahaina Fire $3.2B

By | August 15th, 2023|Uncategorized|Comments Off on Modeler: Insured Property Losses From Lahaina Fire $3.2B

Catastrophe modeler Karen Clark & Company has issued new estimates showing the insured property losses from the Lahaina Fire in Hawaii to be around $3.2 billion. At least 99 people were killed in Maui’s wildfires, a figure that’s likely to …

11 08, 2023

Political Violence in Polarized US at Its Worst Since 1970s

By | August 11th, 2023|Uncategorized|Comments Off on Political Violence in Polarized US at Its Worst Since 1970s

As Kristen King’s husband lay dying in their yard from three gunshots to his head, the 911 operator asked her: Did she know who killed him – or why? Sobbing, King identified the shooter as her neighbor in the small …

11 08, 2023

Global Insurance M&A Drops Sharply in First Half 2023

By | August 11th, 2023|Uncategorized|Comments Off on Global Insurance M&A Drops Sharply in First Half 2023

Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a new report has found. M&A were down 17% worldwide during the first half of 2023, according to Clyde & Co’s Insurance Growth …

11 08, 2023

Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports

By | August 11th, 2023|Uncategorized|Comments Off on Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports

Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to …

11 08, 2023

Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route

By | August 11th, 2023|Uncategorized|Comments Off on Train Derails in Swiss Gotthard Tunnel, Halting Key Freight Route

A freight train derailed in the Gotthard tunnel in Switzerland, blocking passage through a key route linking Northern and Southern Europe. The accident in the world’s longest railway tube — which goes through the Gotthard massif in the Swiss Alps …

11 08, 2023

Grass Fire Near Austin, Texas Destroys Building, Displacing Hundreds of Residents

By | August 11th, 2023|Uncategorized|Comments Off on Grass Fire Near Austin, Texas Destroys Building, Displacing Hundreds of Residents

CEDAR PARK, Texas (AP) – A grass fire near Austin, Texas, spread into trees near an apartment complex and condominiums, destroying one of the buildings and forcing hundreds of residents from their homes. Two people suffered minor injuries in the …